The Geneva Convention on Arbitration was adopted in 1961 with the aim of providing a uniform set of rules for international arbitration, establishing a permanent court of arbitration, and promoting the use of arbitration as a means of resolving international disputes.

As of 2023, over 150 countries are party to the Geneva Convention on Arbitration, making it one of the most widely adopted international arbitration conventions.

The Geneva Convention on Arbitration applies to all international commercial arbitration agreements, regardless of the parties involved or the subject matter of the dispute.

The Geneva Convention on Arbitration sets out the rules for the conduct of arbitration proceedings, establishes a permanent court of arbitration, and provides for the enforcement of arbitration awards.

The permanent court of arbitration established by the Geneva Convention provides administrative support for arbitration proceedings, such as appointing arbitrators and managing the arbitration process.

Arbitration awards under the Geneva Convention on Arbitration can be enforced by the courts of the country where the award was made, the country where the arbitration agreement was concluded, or the country where the assets of the losing party are located.

Arbitration under the Geneva Convention on Arbitration is a relatively quick and efficient process, it is less expensive than litigation, and it is confidential.

Arbitration under the Geneva Convention on Arbitration can be difficult to enforce in some countries, the parties may not have a say in the selection of the arbitrators, and the arbitration process may not be transparent.

Some of the recent developments in the field of international arbitration include the rise of online arbitration, the increasing use of arbitration in investment disputes, and the development of new arbitration rules and procedures.

Some of the challenges facing international arbitration today include the lack of uniformity in arbitration laws and procedures, the difficulty in enforcing arbitration awards in some countries, and the high cost of arbitration.